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Income Tax - Highlights / Catch Notes

Home Highlights November 2015 Year 2015 This

Trading addition U/s 68 - during the course of search, no ...

Income Tax

November 1, 2015

Trading addition U/s 68 - during the course of search, no incriminating documents were found and seized, therefore, lump sum addition made by the Assessing Officer and partly confirmed by the ld CIT(A) is not justified - AT

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  2. Assessment u/s 153A - Addition u/s 68 - bogus LTCG - Except the statement of the assessee u/s. 132(4) agreeing for the addition there is no seized incriminating material...

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  4. Assessment u/s 153A - addition u/s 68 - in search assessments, the addition cannot be made without the incriminating material in completed assessments. - AT

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  10. Reopening of a concluded case u/s 153A - in absence of any incriminating material found as a result of search, the addition made u/s 153A cannot be sustained - AT

 

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